The Belt

GAC spin-out Huilun Robotics closes 100 million yuan round for humanoids

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Guangdong Huilun Technology, the embodied-AI subsidiary GAC Group spun out to industrialise humanoids, has closed a 100 million yuan funding round. The capital will fund vertical-model optimisation, expansion into automotive production-line and service scenarios, core-product iteration, team building and the scaled rollout of humanoid whole machines and core components. Huilun Robotics’ GoMate Mini wheel-leg humanoid … Read more

ModelBest files for STAR Market listing as edge-LLM front-runner

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Beijing ModelBest Technology has registered for IPO tutoring with China’s securities regulator, making it one of the first edge large-language-model developers to test a new STAR Market listing route for AI companies without scale revenue. The filing, dated 12 August 2026, names CITIC Securities as sponsor; the company completed its joint-stock reform on 5 August, … Read more

Westlake Robotics banks 500 million yuan across four rounds in six months

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Westlake Robotics has closed a nearly 100 million yuan Series A round led by Haiyuan Capital, its fourth raise in six months, taking total funding to 500 million yuan. The money backs development of a unified whole-body large model for humanoids and a talent base for embodied intelligence, pushing toward what the company calls an … Read more

IO-AI Tech closes several-hundred-million-yuan round backed by Shunwei and Shenzhen Capital

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IO-AI Tech, a robotics and embodied-intelligence data-infrastructure company, has closed a several-hundred-million-yuan funding round. The round was backed by Shunwei Capital, SongHe Capital and Shenzhen Capital Group, with a strategic investment from a leading robot original-equipment manufacturer. The company said the proceeds will go mainly into core product development, building a more diversified team and … Read more